One of the largest investment companies in the world has quietly become one of the biggest shareholders in Metaplanet, a Japanese company that has become notable over the past year for its bitcoin (BTC) treasury strategy.
Los Angeles-based Capital Group, which has more than $2.3 trillion in assets under management, now holds a 5.1% stake in Metaplanet, according to a regulatory filing on Monday. The stake is valued at around $110 million, based on Metaplanet's closing share price on Friday.
Metaplanet, which was formerly a hotel industry investor, began buying bitcoin in April 2024 and now holds 1,762 BTC, making it the fifteenth-largest publicly traded company that holds bitcoin. The company's shares have risen by over 1,700% since it adopted the bitcoin treasury strategy.
Capital Group is also the second largest shareholder of Bitcoin development company MicroStrategy (MSTR), owning 18.4 million shares, or more than an 8% stake in the company. Only founder and Executive Chairman Michael Saylor holds a larger stake. Other sizable investors include Vanguard Group, Morgan Stanley and Jane Street Group.
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